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SAP Certified Solution Consultant Financials - Financial Accounting with SAP ERP 2005 Sample Questions:

1. Asset classes consist of (Choose Two)

A) All of the above
B) a master data section
C) None of the above
D) a depreciation area section

2. Accrual and Deferral is a periodic activity

A) true
B) false

3. New G/L accounting is obligatory for new as well as existing customers

A) true
B) false

4. Select the correct statement. (Choose Two)

A) Automatic payment run can also be used for special GL transaction, if special GL indicator is maintained in the Automatic payment configuration.
B) Automatic payment run can only use for standard open items.
C) If no payment method is entered in the line item as well as in the master data of vendor, line item will not be selected in the payment program.
D) All types of open item selected in automatic payment program without any additional configuration.

5. Select the correct statement. (Choose Three)

A) Tolerance level for maximum payment is defined in the payment program configuration.
B) Payment method has two components one is company code setting and the other is country specific setting.
C) All company code can use the payment method, which is defined in the country specific setting of payment method.
D) If company code A belongs to India and company code B belongs to country Pakistan, and company code A pays on behalf of company code B system treats this transaction as cross company code transaction in Automatic payment program.

Solutions: